Greggs’s “Corporate” Rating Reaffirmed at N+1 Singer (GRG)
Greggs (LON:GRG)‘s stock had its “corporate” rating reaffirmed by N+1 Singer in a research note issued on Wednesday, AnalystRatings.NET reports.
GRG has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “sell” rating on shares of Greggs in a research note to investors on Wednesday. They now have a GBX 330 ($5.29) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of Greggs in a research note to investors on Friday, October 4th. They now have a GBX 350 ($5.62) price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Greggs from GBX 460 ($7.38) to GBX 430 ($6.90) in a research note to investors on Thursday, August 8th. They now have a “neutral” rating on the stock. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 408.29 ($6.55).
Greggs (LON:GRG) traded up 3.07% on Wednesday, hitting GBX 440.40. 152,152 shares of the company’s stock traded hands. Greggs has a 52 week low of GBX 388.40 and a 52 week high of GBX 525.00. The stock has a 50-day moving average of GBX 417. and a 200-day moving average of GBX 434.0. The company’s market cap is £441.8 million.
Greggs plc is a bakery retailer in the United Kingdom. The Company has over 1,480 shops, supplied by 10 regional bakeries and 90 in-store bakers.
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